Q3 2026 DLF Ltd Earnings Call Transcript
Key Points
- DLF Ltd (BOM:532868) reported record gross collections of around 5,100 crores, indicating strong operational performance.
- The company achieved zero gross debt in its development business ahead of schedule, showcasing effective cash management.
- DLF Ltd's balance sheet remains robust with gross cash of approximately 11,600 crores.
- The company's credit rating was upgraded to AA+ with a stable outlook, reflecting improved financial health.
- DLF Ltd's consolidated revenue grew by 43% year over year, and EBITDA increased by 39% year over year.
- Sales bookings at Delia were paused during Q3 due to planned redesigns, impacting sales momentum.
- There was a delay in the construction of Tower 4 due to environmental issues, leading to a 45-60 day delay.
- The company faced a suspension of work for 30-45 days due to pollution-related measures, affecting construction timelines.
- Despite strong collections, a significant portion of cash remains trapped in regulatory processes, limiting immediate liquidity.
- The company did not launch any new projects in Q3, which could affect short-term growth prospects.
Ladies and gentlemen, good day and welcome to DLF Limited's Q3 FY26 earnings conference call.
We have with us today on the call Mr. Ashok Daagi, Managing Director, DLF Limited, Mr. Shriram Katar, Vice Chairman and Managing Director Rental Business, Mr. Akash Auri, Managing Director and Chief Business Officer, and Mr. Badil Bari, Group CFO, DLF Limited.
As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes.
Should you need assistance during the conference call, please signal an operator by pressing, then 0 on your touchtone phone.
Please note that this conference is being recorded.
Participants connected on the webcast are requested to refresh their tab in case they face any issue.
I now hand the conference over to Mr. Badel Bari.
Thank you and over to you, sir.
Good evening everyone and thank you for joining us today. We will begin with
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